Mubasher: Credit Suisse Group profits soared 495% to reach CHF 244 million in the third quarter of 2017, compared to CHF 41 million in the same period in the year earlier.
The Swiss bank’s pre-tax income surged 80% to reach CHF 400 million in Q3-17.
Year-on-year, revenues decreased to CHF 5 billion, from CHF 5.4 billion.
Switzerland-based bank profits exceeded analysts’ expectations who forecasted to achieve CHF 211 million during Q3-17.
